Can age have an impact on the amount payable on my premiums ?
Age does influence the premium payable as older drivers may have fewer accidents than younger ones and therefore a lower premium is charged for the more experienced drivers. If you want to know more about how the premium rating works, call REBUS Brokers on 011 072 5960
Why does my premium increase every 12 months even though the value of my car diminish in value over a period of time?
You are not only covered for the theft of your vehicle but also for the repair of your vehicle. The cost of repairing your vehicle and parts used increase every year so your premium unfortunately has to increase in line with these costs even though your vehicle depreciated in value.
What is an excess?
An excess is the amount you have to pay in the event of a loss and is the uninsured portion of your loss.
You have serveral options available for reducing your basic excess. Speak to us today.
What is the difference between Comprehensive cover, Third Party, Fire and Theft, and Third Party only?
Comprehensive motor cover gives you the widest cover with insurance against accidents and theft, including damage you may cause to another party. Third Party, Fire and Theft motor cover will cover you for damages against another party or if the vehicle is damaged as a direct result of fire, explosion, lightning, an attempted theft, or if it is stolen. While Third Party motor cover will only cover the other party and their property due to damages caused by you. This will not cover damages or loss to your vehicle.
Tips on how to lower your insurance premiums:
- When signing with the provider with the lowest rates look at their level of cover, client service and value-added benefits.
- Combine your motor and household insurance – combination policies usually cost less
- Make your car safer – install a tracking device and immobiliser and you may qualify for a substantial discount on your premium
- Try to keep your claims record clean because, when you make a claim, your premium will in all likelihood go up; and
- Don’t claim for small incidents that you could pay for out of your own pocket such as a cracked windscreen on your car or a broken window in your house
Value Added Products
- Top up Cover – This is the difference between the settlement amount and the market value of your motor vehicle
- Tyre Sure – This is for insuring your tyres against road hazardsExcess Sure – This is for insuring your excess resulting in less excess payable at a time of the claim
- Car Hire – A Car rented to you while your car is in for repairs
- Personal Accident – This product covers you for the death or disability of you, your spouse or any nominated members of your household
- Dent & Scratches – This product covers you for minor dents and scratches